Numerai receives a commitment of up to $500 million investment from JPMorgan Chase

according to Bloomberg, San Francisco-based Numerai LLC has announced that it has secured a maximum investment commitment of $500 million from JPMorgan, which will be put into use next year. Over the past three years, the assets it manages have grown from $60 million to $450 million.

Numerai stated that its global equity hedge fund achieved a net return of 25% last year. The company continues to express its intention to hire more employees. The company's native token, Numeraire (NMR), once surged by 33%.